Groupon (NASDAQ:GRPN) was upgraded by analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.

Other analysts have also recently issued reports about the company. DA Davidson reaffirmed a “buy” rating on shares of Groupon in a research report on Thursday, November 30th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $6.25 price objective (up from $5.50) on shares of Groupon in a research report on Wednesday, November 1st. Vetr raised Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 price objective for the company in a research report on Tuesday, November 7th. TheStreet raised Groupon from a “d” rating to a “c-” rating in a research report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $6.30 price objective on shares of Groupon in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Groupon currently has an average rating of “Hold” and a consensus price target of $5.02.

Shares of Groupon (GRPN) opened at $5.03 on Wednesday. Groupon has a 52-week low of $2.90 and a 52-week high of $5.99. The stock has a market capitalization of $2,853.44, a P/E ratio of -33.53, a PEG ratio of 26.89 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The company had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. During the same period last year, the firm posted ($0.01) earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. sell-side analysts anticipate that Groupon will post -0.02 EPS for the current year.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total transaction of $8,655,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now owns 350,919 shares in the company, valued at approximately $1,856,361.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,545,000 shares of company stock worth $8,901,450. Corporate insiders own 23.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Leonard Capital Management Inc bought a new position in Groupon during the 4th quarter worth $3,070,000. Renaissance Technologies LLC increased its stake in Groupon by 1.9% during the 1st quarter. Renaissance Technologies LLC now owns 12,645,900 shares of the coupon company’s stock worth $50,457,000 after acquiring an additional 240,700 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new position in Groupon during the 3rd quarter worth $30,647,000. J. Goldman & Company increased its stake in Groupon by 102.4% during the 3rd quarter. J. Goldman & Company now owns 8,480 shares of the coupon company’s stock worth $28,000 after acquiring an additional 4,291 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Groupon by 16.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,501,793 shares of the coupon company’s stock worth $4,611,000 after acquiring an additional 216,474 shares during the period. Hedge funds and other institutional investors own 60.01% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Goldman Sachs Group Upgrades Groupon (GRPN) to Neutral” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/01/17/goldman-sachs-group-upgrades-groupon-grpn-to-neutral.html.

Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).

The Fly

Analyst Recommendations for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.